Sisi Chan

Steel sector praises new tariff measures, but says more needs to be done

The head of the Canadian steel industry expresses a mixed response to recent measures to boost the domestic market amidst U.S. tariffs by Prime Minister Mark Carney.

Specific measures introduced: Carney’s new measures include tightening quotas on foreign steel and reducing freight costs for cross-provincial delivery.

The CEO of the Canadian Steel Producers Association, Catherine Cobden, sheds light on the impact of these measures on the loss of the U.S. market.

The industry expresses disappointment over the extension of Canada’s steel importers remission program, highlighting the concern over retaliatory tariffs on U.S. steel.

Cobden pledges to verify the government’s promise to end the remission program by January end, despite previous extensions.